Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow a. Calculate the firm's net operating profit after taxes (NOPAT) for the year ended December 31, 2019 b. Calculate the firm's operating cash flow (OCF) for the year ended December 31, 2019 c. Calculate the firm's free cash flow (FCF) for the year ended December 31, 2019 d. Interpret compare and contrast your cash flow estimate in parts (b) and (c) a Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,510 $1,000 Marketable securities 1,780 1,210 Accounts receivable 2,000 1,760 Inventories 2,880 2,790 Total current assets $8,170 $6,760 Gross fixed assets $29,550 $28,150 Less: Accumulated depreciation 14,690 13,130 Net fixed assets $14,860 $15,020 Total assets $23,030 $21,780 Liabilities and Stockholders' Equity Accounts payable $1,630 $1,500 Notes payable 2,780 2,190 Accruals 170 280 Total current liabilities $4,580 $3,970 Long-term debt $5,050 $5,040 Total liabilities $9,630 $9,010 Common stock $10,010 $10,010 Retained earnings 3,390 2,760 Total stockholders' equity $13,400 $12,770 Total liabilities and stockholders' equity $23,030 $21,780 het op Operat ree cal nd cor ofit aft SURV UpoC You To, ou Net fixed assets $14,860 $15,020 Total assets $23,030 $21,780 Liabilities and Stockholders' Equity Accounts payable $1,630 $1,500 Notes payable 2,780 2,190 Accruals 170 280 Total current liabilities $4,580 $3,970 Long-term debt $5 050 $5,040 Total liabilities $9.630 $9,010 Common stock $10,010 $10,010 Retained earnings 3,390 2,760 Total stockholders' equity $13,400 $12,770 Total liabilities and stockholders' equity $23,030 $21,780 (Click on the icon here in order to copy the contents of the data table below into a spreadsheet) Income Statement Data (2019) Depreciation expense $1,560 Earnings before interest and taxes (EBIT) 2,650 Interest expense 366 Net profits after taxes 1,804 Tax rate 21% he ans Print Done